What is an RDN on Pluang and how safe are the funds in it?
An RDN (Rekening Dana Nasabah, or Investor Fund Account) is a dedicated cash account registered in your own name, required to trade Indonesian stocks on Pluang. It is opened automatically once your Indonesian Asset Verification is approved, through your chosen partner bank — Bank Jago or BCA. Cash sitting in your RDN is protected by LPS (Lembaga Penjamin Simpanan, Indonesia's Deposit Insurance Corporation) up to Rp2,000,000,000 per depositor per bank, and is fully segregated from Pluang's own operational funds — Pluang cannot touch it for any purpose other than settling your stock trades. The stocks themselves are held separately in custody at KSEI (Kustodian Sentral Efek Indonesia), and trades are cleared through KPEI (Kliring Penjaminan Efek Indonesia), giving your holdings a second layer of protection independent of your RDN cash.
Key facts about your RDN on Pluang:
- The RDN is registered in your own name, not Pluang's — it legally belongs to you
- Cash is held at a designated custodian bank (BCA or Bank Jago), fully separate from Pluang's balance sheet
- LPS protection: up to Rp2,000,000,000 per depositor per bank on the cash balance
- Your stock holdings (not the RDN cash) are held in custody by KSEI and protected up to Rp100,000,000 per investor via SIPF (Dana Perlindungan Pemodal), an OJK-supervised fund that pays out if a securities company fails
- RDN funds can only be used for stock transactions on the IDX — Pluang has no access to them for any other purpose
- Trades are cleared and guaranteed by KPEI, the exchange's official clearing house
Related questions:
Q: Is the RDN different from my regular bank account?
Yes. The RDN is a dedicated securities cash account used only for stock investing on the IDX — it is entirely separate from your everyday savings or checking account, even though it may sit at the same bank (BCA or Bank Jago).
Q: What happens to my RDN funds if Pluang shuts down?
Your RDN cash is held in your own name at the partner bank, segregated from Pluang's assets, so it isn't exposed to Pluang's business risk. Your stock holdings are separately held at KSEI and protected up to Rp100,000,000 per investor via SIPF if the brokerage itself were to fail.
Q: Does my RDN earn interest?
It depends on your RDN bank. If your RDN is with Bank Jago, your idle cash balance earns 2% p.a. automatically. If it's with BCA, the balance does not earn any yield — you'd need to actively invest or withdraw it to put it to work.
Q: How do I check my RDN balance on Pluang?
Your RDN balance is visible directly on the home screen or portfolio section of the Pluang app, updated in real time as you top up, trade, or withdraw.